Federal Court Dismissed Criminal Charges Against A Prominent Securities Law Firm

U.S. District judge has dismissed all the criminal charges against securities law firm Milberg Weiss hours after the last defendant in the long-running criminal case, a Palm Springs real estate attorney, pleaded guilty to a tax-related felony. U.S. District Judge John Walter has also vacated the law firm’s Aug. 12 trial date on Monday this week. In a statement the assistant U.S. Attorney Richard Robinson said the government didn’t seek a guilty plea from the law firm because all the indicted partners had pleaded guilty. None of the participants in the scheme still worked at Milberg Weiss, and a guilty plea would have “killed” the firm.

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